Sterling strengthened against a broadly weaker US Dollar on Tuesday following the appointment of John Healey as Britain's new finance minister. Investors are now looking for fresh guidance on the government's fiscal policy.
John Healey’s surprise appointment as Chancellor does nothing to neutralise the danger posed by new UK Prime Minister Andy Burnham’s own instincts on borrowing and spending, warns the CEO of one of the world’s largest independent financial advisory organisations, cautioning investors against mistaking a calmer morning for a change in direction.
